---
title: "229 East 28th Street #4-C, New York City, NY 10016"
description: "229 East 28th Street #4-C, New York City, NY 10016 — Kips Bay, New York City, NY. Listing Price $370,000. In contract 8/31/2026. Studio bed, 1 bath Illustrative Buyer Commission Share of $5,550 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street--c-4C-ny-10016"
source: "Real Estate Rebate Team"
dateModified: "2026-08-31T13:44:44.314Z"
status: "Pending"
---

# 229 East 28th Street #4-C, New York City, NY 10016

Kips Bay, New York City, NY

Courtesy of R New York

Last updated: August 31, 2026, 9:44 AM

## At a Glance

- **Listing Price**: $370,000
- **Status**: In contract 8/31/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: Studio
- **Baths**: 1
- **Common Charges**: $1,208 / mo
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $370,000
- **Illustrative Buyer Commission Share**: -$5,550*
- **Illustrative Net Cost**: $364,450

*Illustrative Buyer Savings of $5,550 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (5)

![229 East 28th Street #4-C, New York City, NY 10016 — photo 1 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ad677384-e3a8-49a6-a4bd-0f49ea71a543.jpg)
![229 East 28th Street #4-C, New York City, NY 10016 — photo 2 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bd4770eb-47ec-4b08-aae0-80da758e3162.jpg)
![229 East 28th Street #4-C, New York City, NY 10016 — photo 3 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e8808124-fd7c-4504-bb3d-6518c82e243d.jpg)
![229 East 28th Street #4-C, New York City, NY 10016 — photo 4 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2b4cb5f1-71da-4970-87a6-d59e5359318a.jpg)
![229 East 28th Street #4-C, New York City, NY 10016 — photo 5 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b77ba537-f609-4fa9-bd5d-c083657a31cd.jpg)

## Property Overview

Welcome home to this newly updated, north-facing studio in the heart of Kips Bay.

Thoughtfully designed to maximize both space and functionality, this inviting residence offers the perfect blend of modern updates, comfort, and style. The open-concept kitchen has been beautifully refreshed with newly resurfaced cabinetry in a light, contemporary finish and brand-new stainless steel appliances—including a dishwasher and over-the-range microwave (recently installed and not pictured)—making it ideal for both everyday living and entertaining. A breakfast bar provides the perfect spot for casual dining, while the spacious layout easily accommodates separate living, dining, and sleeping areas.

The bathroom has also been tastefully updated with a new vanity and modern shower fixtures, creating a fresh, contemporary feel with excellent storage. Beautiful hardwood floors, generous closet space, and through-wall air conditioning complete this move-in-ready home.

*Please note that some listing photos were taken prior to the installation of the new kitchen appliances and bathroom updates.*

## Property Details

- **Property Type**: Co-op
- **Baths**: 1
- **Rooms**: 2
- **Stories**: 7
- **Year Built**: 1962
- **Common Charges**: $1,207.56 / Monthly
- **Listed On**: Jul 7, 2026
- **Days on Market**: 62 Days

### Residence Features

- Wall Unit(s)
- Common Area
- Building Storage
- Entrance Foyer

## Sales Evidence

### How this price compares

The median closed price for comparable co-op studio sales in Kips Bay is $430,000, based on 47 sales between October 2024 and July 2026. This home is asking $370,000, $60,000 below that median. The middle half of those sales closed between $364,500 and $480,000.

- **Median closed price**: $430,000
- **Middle half**: $364,500 – $480,000
- **Based on**: 47 co-op studio sales in Kips Bay
- **Period**: October 2024 – July 2026

Square footage is recorded for only 18 of these 47 sales (38%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

Across the 44 of these sales with a published asking price, the median closed at 94.6% of what it originally asked. 82% of them closed below the original ask.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Kips Bay instead.

### How these sales were negotiated

- **Sold vs original ask**: 94.6% of the original ask
- **Closed below ask**: 82% of 44 sales
- **Listed → in contract**: 143 days (about 20 weeks)
- **In contract → closed**: 81 days (about 12 weeks)

Across the 44 of these sales with a published asking price, the median closed at 94.6% of what it originally asked. 82% of them closed below the original ask.

Half of these homes were in contract within 143 days (about 20 weeks) of coming to market, based on the 44 with a recorded listing date.

Once a deal was agreed, closing took a further 81 days (about 12 weeks), based on the 41 with both dates recorded. A co-op board package and its interview account for much of that.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 47 co-op studio sales in Kips Bay, October 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median sold price for co-op studio sales in Kips Bay, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $542,500 | 22 |
| 2018 | $499,900 | 25 |
| 2019 | $430,000 | 23 |
| 2020 | $500,000 | 15 |
| 2021 | $460,000 | 34 |
| 2022 | $462,500 | 30 |
| 2023 | $407,500 | 19 |
| 2024 | $495,000 | 19 |
| 2025 | $412,500 | 28 |
| 2026 | $475,000 | 14 |

This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Kips Bay instead.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

## Price and Property History for 229 East 28th Street, Unit 4-C

Review the recorded listing activity for 229 East 28th Street, Unit 4-C, including asking-price changes and prior market dates.

- **Entered contract**: August 31, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| August 31, 2026 | $370,000 | Entered contract |
| July 4, 2026 | $370,000 | Listed for sale by R New York |

## Estimated Monthly Payment

**$3,078 / month**, assuming a 20% down payment ($74,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $1,871
- **Common Charges**: $1,208

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Kips Bay

Medical Mile & Value

[Explore Kips Bay](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

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- [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village)

## Related Links

- [Kips Bay neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.